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Attachment
<br />3 Year Projection of Health Fund Balance
<br />(assumes no changes are made)
<br />3 Year Projection of Health Fund Balance
<br />(assumes recommended changes are made)
<br />FY2015/16
<br />FY016/17
<br />FY2017/18
<br />Beginning Balance
<br />$14,251,177
<br />$8,944,808
<br />$5,044,808
<br />Revenues
<br />$15,100,000
<br />$15,100,000
<br />$15,100,000
<br />Program Expenses
<br />($17,400,000)
<br />($19,000,000)
<br />($20,600,000)
<br />Net Gain/(Loss)
<br />($2,300,000)
<br />($3,900,000)
<br />($5,500,000)
<br />Less: OPEB Buydown Contribution
<br />($3,006,369)
<br />$0
<br />$0
<br />Sub -Total (Change in Fund Balance)
<br />($5,306,369)
<br />($3,900,000)
<br />($5,500,000)
<br />Remaining Fund Balance
<br />$8,944,808
<br />$5,044,808
<br />($455,192)
<br />Less: 3 Months Program Expenses.
<br />($4,350,000)
<br />($4,750,000)
<br />($5,150,000)
<br />Incurred But Not Reported (IBNR) Claims
<br />($1,952,520)
<br />($1,952,520)
<br />($1,952,520)
<br />Balance Above Minimum Required
<br />$2,642,288
<br />($1,657,712)
<br />($7,557,712)
<br />3 Year Projection of Health Fund Balance
<br />(assumes recommended changes are made)
<br />246
<br />FY2015/16
<br />FY016/17
<br />FY2017/18
<br />Beginning Balance
<br />$14,251,177
<br />$8,944,808
<br />$7,849,808
<br />Revenues
<br />$15,100,000
<br />$17,220,000
<br />$17,220,000
<br />Program Expenses
<br />Net Gain/(Loss)
<br />($17,400,000)
<br />($2,300,000)
<br />($18,315,000)
<br />($1,095,000)
<br />($17,220,000)
<br />$0
<br />Less: OPEB Buydown Contribution
<br />($3,006,369)
<br />$0
<br />$0
<br />Sub -Total (Change in Fund Balance)
<br />($5,306,369)
<br />($1,095,000)
<br />$0
<br />Remaining Fund Balance
<br />$8,944,808
<br />$7,849,808
<br />$7,849,808
<br />Less: 3 Months Program Expenses
<br />($4,350,000)
<br />($4,578,750)
<br />($4,305,000)
<br />Incurred But Not Reported (IBNR) Claims
<br />($1,952,520)
<br />($1,952,520)
<br />($1,952,520)
<br />Balance Above Minimum Required
<br />$2,642,288
<br />$1,318,538
<br />$1,592,288
<br />246
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